Triplex with New
For Sale
$568,000
220 Kingston Lane, Modesto, CA 95354
Tenant-occupied triplex with separately metered utilities and central air conditioning.
Property Size2,296 SF
Days on Market229
Property Features for 220 Kingston Lane
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Triplex
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
Central Air
Zoned
Gas Water Heater
Individual Electric Meter, Individual Gas Meter
Building Details
Building Size
2,296 SF
Year Built
1971
Listing Agency:
RE/MAX Accord
Listed By:
Timothy Vander Meulen · License #02150745
(925) 838-4100
Source:
Kw
Added: Feb 20
Changed: Oct 6
Last Checked: Oct 5 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Accord
Investment Insights
Based on property information with market context.
This tenant-occupied triplex contains three residential units, each configured with two bedrooms and one bathroom and measuring approximately 765 square feet. The property was built in 1971 and received new HVAC in 2025. Interior systems include central air, zoned climate control, and a gas water heater, while each unit has its own electric and gas meter.
The property is located in Modesto at 220 Kingston Lane, with vehicle access provided from Haddon Ave. The triplex shares its driveway and parking area with the neighboring 2508 Haddon Ave triplex. Tenant privacy is requested during any property review.
The property is located in Modesto at 220 Kingston Lane, with vehicle access provided from Haddon Ave. The triplex shares its driveway and parking area with the neighboring 2508 Haddon Ave triplex. Tenant privacy is requested during any property review.
Key Highlights
- Three‑unit property in Modesto at 220 Kingston Lane
- Each unit offers 2 bedrooms, 1 bath, and approximately 765 square feet
- New HVAC installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,181
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,620
$683.6K
Cap Rate 7%
$488,300
$488.3K
Cap Rate 9%
$379,789
$379.8K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$51.0K $22.20/SF
− Vacancy
−$2.1K −$0.93/SF
EGI
$48.8K $21.27/SF
− OpEx
−$14.6K −$6.38/SF
NOI
$34.2K $14.89/SF
Area
Modesto, CA
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,620
Cap Rate 7%
$488,300
Cap Rate 9%
$379,789
Alternative Uses
Best Use
Multifamily LT 5
$488.3K
$427.3K – $569.7K
NOI $34,181 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$436.4K
$381.9K – $509.2K
NOI $30,550 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$771.5K
$675.0K – $900.0K
NOI $54,002 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex with separately metered utilities and central air conditioning.
Where is this triplex located?
The property is located at 220 Kingston Lane Modesto, CA.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: Three‑unit property in Modesto at 220 Kingston Lane; Each unit offers 2 bedrooms, 1 bath, and approximately 765 square feet; New HVAC installed in 2025
